#RWA代币化 BitMine's recent moves are worth analyzing. 4 million ETH tokens, accounting for 3.37% of the total supply, went from zero to four million in 5.5 months—this pace isn't just playing around, it's a bet.

The key lies in their logical chain: large holdings → waiting for RWA tokenization benefits → gaining synergistic effects. I've seen many institutions adopt this approach, but BitMine's scale and determination really make people sit up and take notice.

From a follow-the-leader perspective, the holdings actions of such large institutions are actually a good "indicator." Of course, you can't blindly follow—they have different risk preferences, capital scales, and exit timelines compared to retail investors. But their willingness to hold heavy positions suggests their fundamental analysis is worth reflecting on.

My current approach is to observe two signals: first, the progress of RWA-related projects within the ETH ecosystem; second, the subsequent changes in institutional holdings. If BitMine continues to increase their holdings, it indicates their confidence in this cycle is still rising. Conversely, we should be alert.

When copying large players like this, my advice is to allocate 30-50% of their holdings to your own position, leaving enough room for stop-loss. Practical experience is the only way to gain true knowledge; theoretical discussions are meaningless.